Genco Shipping & Trading Ltd expected to post earnings of 26  cents a share - Earnings Preview

Genco Shipping & Trading

02/08/2023 15:37

* Genco Shipping & Trading Ltd  GNK.N   GNK  is expected
to show a
fall in quarterly revenue when it reports  results on August 4. 
    * The New York City-based  company is expected to report  a
35.2% decrease in revenue to $68.289 million from $105.3 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Genco Shipping &
Trading
Ltd is for earnings of 26 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Genco
Shipping &
Trading Ltd is $23​, above​ its last closing price of $14.37.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.13        0.13       0.06      Missed  -52.9
 Dec. 31 2023  0.65        0.64       0.67      Beat    3.9
 Sep. 30 2022  1.06        1.07       1.00      Missed  -6.4​
 Jun. 30 2022  1.18        1.12       1.10      Missed  -1.7
 ​​Mar.        0.98        0.98       0.97      Missed  -1
 31 2022                                                
 Dec. 31 2021  1.96        1.96       1.99      Beat    1.6​
 Sep. 30 2021  1.48        1.41       1.44      Beat    2.1
 Jun. 30 2021  0.77        0.75       0.75      Met     0.5
 This summary was machine generated August 2 at 14:37 GMT.  All
figures in US dollars  unless otherwise stated